FY26 Budget Process

The Core Recurring Resource Budget Model represents the total Core Recurring resources available for expense planning for the budget year. Effective for the FY26 planning cycle, the Target Budget is discontinued and replaced with this new model. The updated model aims to simplify core recurring resources, increase transparency, enable resource control, and streamline reconciliation for units.​ The model will include compensation inflation and research revenue sharing (Indirect Cost Recovery) funding to VC Offices. 

You’ll interact with this new model in Task 4.2, which now includes a revamped Profit and Loss (P/L) type view, displaying the core recurring resource budget model in the top section and expense planning in the bottom section. Key items to note when interacting with this form include the management of core recurring resources at the F-F-F-Project Zero level, with expenses planned at the F-F-F-Detailed project level. Using this form, you will balance expenses within resources available. 

Here is the basic equation for this new core recurring budget model. We start with the Recurring Base Budget, which is the prior year’s final budget. To that we add Compensation Inflation, which is the approved salary increases for both represented and policy-covered faculty/staff applied to the most recent recurring salary/benefits budgets. Finally, we add any Core Recurring Budget Adjustments, which are records from the new Budget Adjustment Module that we’ll be discussing next. Together, this equals the Total Recurring Resources Available that you’ll see in EPBCS.

In support of year-round management of the Core Recurring Resource Budget Model, the new Budget Adjustment Module enables the direct entry of recurring budget adjustments for the budget year. This differs from an OFC Journal to transfer resources, as a financial journal does not update the budget. Conversely, entries in the Budget Adjustment Module are not the same as a financial journal as they do not impact current year resources on the General Ledger. 

The Budget Adjustment Module will be available via Task List 3, which now includes a transactional module for entering and processing recurring resource budget adjustments.​​ 

Budget distribution refers to the allocation and management of core recurring funds to staff and faculty positions in your department. The Budget Distribution Page can be accessed on UCPath and is used to manage both the filled and open Provisions that appear on your departmental Staffing List report. It is a tool for departments to use in managing their budget data to ensure recurring budget covers recurring staffing commitments. 

Access to the Budget Distribution Page is managed by the UCPath team, and requires the completion of several training modules on the UC Learning Center. Detailed instructions are available on the UCPath CORE Training site.